S&P has snapped back after declining about 1.5% in the final 5 days of the year.. and will need to make up some ground to expect it can be smooth sailing to start the year- A sharp advance this am in Futures but the trend has turned bearish from late last year, despite the low volume so a bit more is needed to think indices are in the clear- Key areas to watch start near 2262 up to 2268 on the upside to sell into this move- on the downside 2237 to 2240 important- Seeing sharp declines this am in Treasuries to coincide with S&P gains while the US Dollar also making very big move to the upside and at closing levels would constitute the highest daily close since late 2002 nearly 14 years ago- CRUDE making a meaningful rise this am up to near 55, to multi-day highs.. and should be favored for further gains to the high 50s, despite the negative seasonality for January- Last 5 Jans have been DOWN for WTI to the tune of about 2.82% on average.. but despite rising bullish sentiment. the structure remains solid for WTI and looks to extend in the near-term- Overall, a mixed picture to start the year given DOWN momentum but yet a sharply HIGHER opening gap to start the year, so a bit more necessary before believing new all-time highs can happen just yet-

2017 YEARLY Technical outlook was sent out last night around 7pm, EST. so let me know if you DIDNT get and would like to.. or if you have any questions-

5 min Technical video highlighting the 3 most important charts for today

S&P HOURLY chart showing the price action since mid-December. Overall the trend turned negative with a break down under 2256 and then 2251.. so despite being low volume.. this will need to be recouped to expect it was just a minor drawdown- overall, upside in this case should find strong resistance at 2262 up to 2268 with only a move OVER making for a bullish case for rallies into mid-month.

US Dollar set to make highest DAILY Close based on today’s move since late Dec 2002 nearly 14 years ago. While counter-trend sells are close. Structurally this should still move to new highs.. and is BULLISH USD.. bearish EUR/USD